In a Command Economy

question 138

Multiple Choice

In a command economy

• A)a dictator makes every economic decision
• B)owners can sell their resources to the highest bidder
• C)no individual or group coordinates the economy
• D)in theory, individual choices are reflected in collective decisions, and decisions are made by central planners
• E)public ownership of resources is combined with free markets to direct economic activity

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Definitions:

Attorney

A professional authorized to practice law, representing clients in legal matters and giving legal advice.

Toppings/Year

An unconventional metric that could refer to the number of different toppings used or sold by a business or consumed by an individual over a year.

Pizza Toppings

Various ingredients added on top of the pizza crust and sauce before baking, such as vegetables, meats, and cheese.

Program Year

A specific period used for administrative, financial, or operational planning and assessment, often aligning with a fiscal or academic calendar.